COMPANY REGISTRATION NUMBER: 10520302 CHARITY REGISTRATION NUMBER: 1179051 KMB ESTATES Company Limited by Guarantee Financial Statements For the year ended 31 Mar¢h 2025 COHEN ARNOLD Chartered accountants & statutory auditor New Burlington House 1075 Finchl¢y Road LONtK)N NWII OPU KMB ESTATES COMPANY LIMITED BY GUAR￿EE Finaneial Statements Year ended 31 Mareh 2025 PAGES TNstces' Annual Report (Incorporating the Director's Report) ltrJ4 tndependent Auditovs Report to the Members 5t08 Statement of Financial Activities Oncludlng Income and Expenditure Account) Statement of Fiti&ncial Position io Notes to the Financial Statements llto18 KMB ESTATES COMPANY LIMITED BY GUARANTEE Trusteesl Annual Report Oncorporating the Dir¢ctor's Report) Year ended 31 March 2025 The trusl¢&s. who are also the directora for the purpos&8 of company law, present their report and the financial statements of the charity for Ihe year ended 31 Ma￿h 2025. Reference and administrative detsi18 KMB Estates Regls¢¢red charity nAme Charity registration number Company registration number 10520302 Principal office 80A Darenth Road London N166ED 1179051 Registered oifice New Burlington Ho￿￿e 1075 Finchley Road London NWII OPU The trnstees Mr S Berger Mi J Berger Mrs D Berger Mrs S Stein Alldltor Cohen Arnold Chartered accountants & slalutory auditor New Burlington House 1075 Finchley Road LONDON Nwii OPU Strudur4 governance 8nd manxgem¢nt The Charitable Company is constituted as a Company Limited by Guarantee and as such. its gov¢n)ing documents &re its meMorand￿n and Articles of Association. The day-tfrday affairs of the Charity are administered by the Trustees. None of the Trustees have any benefici81 interest in the Charity. It is not currenlly the intention of the Tn]stees of the Charity lo appoint additional new Trustees. Should th¢ situation change in the future. the Trustees will apply suitable recNitment trnining and induction proceduTes. KMB ESTATES COMPANY IJMITED BY GUAIL4NTEE Trustees, Annual Report Uncorporating the Director's Report) (¢OAlthired) Yev4r ended 31 Mareh 2025 Objectives and activities The Cbaritsble Company is established to further ihose purposes both in the United Kingdom and abroad re¢ognised as Charitable by English l￿w. In furtherance of the aforementioned objects, the Charitable Company receives income mainly from charitsble receipts and investtnent properties. which it utilises in the provision and distribution of grants and donations that fall within in the objectives of the ChAritable Company. li has concentrated its activities in giving grants to institutions that focus on on the relief of poverty and the advancement of education and religion. Th¢ Charity's principal activity throughout the year was the provision and distribution of donations and grants to organi5alions, and no change is envisaged in the immediate future. The Trustees ￿nfinn that they have ref¢rred to the guidance ¢ontained in the Charity Commission's generdl guidance on public benefit when reviewing the charlty's aims and objective5 and in planning future aclivities and s¢tting tl)e grant making policy for the year. Grant making policy Grants are made to Gharitable institutions and org¥nisations which accord with the objects of the harity. The Trustees are approached for dollations by a wide variety of charitable insiilthions opernting all over England. The trustees consider all request5 which they receive 8nd make donations based on the level of funds available. Achievements and performAn¢e During the year the charity Continu￿ to Pwsue its philanthropic objects in support of educational. religious and other charitable organisations. Income from donations and investments aggregated £436.675. Tots] reSoU￿eS expended were £463,991. Grants and donation5 in the year iOtAUed £l10.750. KMB ESTATES COMPANY LIMITED BY GUARANTEE Trusteu, Annual Report (IDcorporating the Dirertor's Report) fconth4e4) Year ended 31 March 2025 Finandal review The finan¢ial results of the ch￿Ity'S activities for the year to 3 1 March 2025 are fully reflected in the attached Financial Stat¢ments together with the Notes theTeon. The fitwicial FM)sition of the Charitable Company is satisfactory. Reserves pollcy It is th¢ policy of the Charitable Company lo maintain unrestricted fimds, which itKlude the fTee reseryes of the charity. at a level which the t￿tee5 consider appropriate. taking into account the future commitMe￿s of the ¢harity and the likely Costs of the charity for the next year. At 31 March 2025 the charity had unrestricted funds aggregating £3,147,646. Risk managemen¢ The Trustees have identified and reviewed the major risks to which the Charity is exposed. and are sstisfied that systems are in plac¢ to manage those risk%. The principal risks to which the Charity is exposed are: Th¢ availability of liquid funds to make grants and donations Liabilitie5 arising from propety invesknent activity Tenant defaults Damage to proFrty from floo￿ fire or terrorist &ction The economic cycle generally The Trustees seek to manage or mitigate such risks wherever possible through measures including i￿$Urance, tenant ￿reenIng and monitoring, external expert advi￿ monitoring and regular monitoring of the economic outlook. It is recognised that system5 can only provide reasonable but not absolute ￿U￿]ee that mvljor risks hav¢ b¢en adequately managed. Pl*n$ for future periods The Charitable Company plans to continue the activities othlined above ITh the forthcoming years subject to sufficient income and in and in accordance with their grant malang wlicy. Tru5tees' ruponsibilities statement The trustees. who are also directors for the P￿ of company law, are tEsponsible for preparing the tn]stees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclice). Company law requi￿$ the charity tr￿teeS lo prepare financial statements for each year which give a 1rue aThd fair view of the state of affaits of the charitable company and the incoming resources and applicalion of re50urc¢s. including the income and expenditure. for that period. KMB ESTATES COMPANY LIMrrED BY GUARANTEE Trustees, Annual R¢port IIneorporating the Dlrector's Report) (cl￿1￿￿ Year ended 31 Ma￿h 2025 In ptrparing these fmancial st&tenent4 the tNstees are required to: select suitable accounting policies and then apply them consistently> observe the methcds and principles in the applicable Charities SORP. make judgments and accounting estimate5 that are reasonable and prudent. prepare the fiwicial statements on the going corKern basis unle&8 it is inappropriate to presume that the charity will ¢ODtinue in business. The trustees are responsible for ke¢ping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy at any time Ihe financial position of the charity and enable them to ensure that the finan¢ial stateTnents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for iaking reasonable steps for the prevention and dete¢tioA of frnud and oth¢r irregularities. Audttor Each of the pe￿On$ who is a trustee at the date of approval of this rep)rt confirnis that.. so far as they are &iware, there is no relevant audit inforniation of which ihe charity5 auditor is unaware. and they have tsken all steps that they ought to have taken Ls a ttwstee to make themselves &ware of any relevant audit infornlation and to estsblish that the charity's auditor is aware of that infonnation. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2(Xl6. Smo11 company provisions This report has been prepared in accordance with the provisions applicable to companies entitl¢d to the small companies exemption. The Inxstee5' annual report was approved on 28 January 2026 and signed on behalf of the iwrd of trustees by: Mrs D Berger Trustee KMB ESTATES COMPANY LIMTfED BY GUARANfEE Independent Auditor's Report to the Members of KMB Estates Year ended 31 Mrdrch 2025 OplnioD We have audited the financial statements of KMB Eststes (the 'charity') for the ye8r ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), ststement of fi[￿n¢la1 position 2nd the related notes, including a summary of significant &w)unling policies. The financial reporting framework that has been applied in their prepardtion is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial ReFrf)rting Standard appliLzble in the UK and R¢public of Ireland (United Kingdom GeneTally Accept¢d Accounting Practice). In our opinion the financial stateTllents: give a true ￿ fair view of the state of the chwity's affairs as at 31 March 2025 and of its incoming resources and application of resources. including its iThcome and expenditure. for the year th¢n ended. have been prnperly prepared in awordance with United Kingdom Generdlly A¢¢¢pted Accounting Prdctice. have been prepared in accordance with the rquirements of the Companies A¢t 21￿6. Basts for opinion We conducted our audit in accordance with Inten)&tional Stsndards on Auditing IUK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditr>Ps responsibilities for the audit of the financial statements section of our report. We are indep¢ndent of the charity in ac¢ordance with the ethical r¢quiremenis thal are relevant to our audit of the financiai statements An the UK including the FRC'S Ethical Standar& and we havc fuifLlled our other ethical responsibilities ITh accordance wih these requiretnents. We believe that the audit evidence we have obtained is suificient and appropriate to provide a basis for our opinion. Concluylons relAting to golng concern In audAting the finallcial statements, we have concluded that the trustees, use of the going concern basis of accounting inthe preparation of the financial statements is appropriate. Based on Ihe work we have perfornied. we have not identified any malerial un¢ertainlies relating to events or conditions that, individually or collectively. may cast significant doiibt on the charity's ability to continue as a going con¢¢m for a period of at least twelve Jnonths from when the financial ststements a￿ authorised for issue. Our resFM)TL8ibilities and the responsibilities of the trustees with respect to going concern are described in the relevont sections of this report. KMB ESTATES COMPANY LIKtTED BY GUARAIW4TEE Independent Auditor's Report to the Members of KMB Estate5 (¢oitllnwed) Year ended 31 March 2025 Other Inforniation The other inforniation comprises the infomiation included in the annual TeporL other than the financial State￿¢￿t5 and our auditor's report thereon. The trustees are responsible for the other inforniation. O opinion on the fu￿1claI statements does not cover the other inforniation and except to the extent otherwise explicilly stated in our report. we do not express any fonn of assurance conclusion IhereoJL In connection with our wdit of the financial ststements, our reswnsibility is to read the ottLer inforniation and. in doing so. consider whether the other infomiation is materially inconsistent with the finan¢iai statements or our knowledge obtained in the audit or otherwise appears to be materially misstst¢d. If we identify such material inconsistencies or apparent material rnisstst¢menls, we are required to determine whether theTe is a material misstatement in the financial Statements or a material misststement of the other infornlation. I£ bas¢d on the work we have perfornjed. we conclude that there is a material misstatetnent of this other infonnation. we are required to report that fact. We hav¢ nothing to report in this regard. Opinlons on other m8tter5 prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the inforniation given in the trustees, report for the financial year for which the financial statements are prepared is ¢onsistent with the financial statements. a￿1 the trustees, report has been Prepared in a￿Ordance with applicable legal ￿uirements. Matter6 on which we are required to report by exeeption In the light of the knowledge and understanding of the cELarity and its environment obtsined in the course of the audit. we have nol identified materiaL misstatements in the trustees, report. We have nothing to report in respect of the following matters in rel&lion to which the Co￿p8n1eS Act 2006 requires us to rep)rt to you rf, in our opinion.. adequate Accounting records have not been kepL or returns adequate for audil h&ve not been received from branches not visited by us. or the financial stst¢ments are not in agreement with the accounting records and rettllns. or certain disclosures oftrustees, Temunerntion specified by taw are not made" or we have not recnsible for the preparation of the financi statements and for being satisfied that they give a true fynd fair view. and for such internal ¢ontrol as the trustees detennine is necessary to enable the preparation of financial statements that are free from material misstatemenl whether due to fraud or error. In preparing the finaJKial statements. the trustees are responsible for &85e55ing the charity's ability to conlinue &$ a going concern, disclosing, as applicable. mattets ￿lated to going concern and using the going concern basis of accounting unLesS the trustees either intend to liquidate ihe charity or to cease operations. or have no re81i5tic alternative but to do so. Auditor's responsibilities for the audit of the finaneial st%tem¢Dts Our objectives are to obtain reasonable &8surallce abo￿ whether the financial statements as a whole are free from material misstatemenL wheiher due to fraud or error, and io issve an &uditor's ieport that includes our opinion. Rea50n&ble assurance is a high level of assuran¢e, is not a guarantee ihat an audit conducted in accordance with ISAS (UK) will always dete¢i a material misst2ternent when it exists. Misstatetn¢nts can arise from fraud or error and are considered maleiial if, individually or in Ihe aggregate. they could reasonably be expected to infiuence the economic decisions of usern taken on the basis of thes¢ financial statements. Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design pn)ceduTes in line with our responsibilities, outlined above, to detect material misMalements in respect of irregularities. including fraud. The extent to which our pro¢edur¢s are ¢&p&ble of detecting itTegularities, Incl￿j1￿g fraud is detail¢d below: We obtained an understanding of the le￿1 and regulatory frameworks that &re applicable to the group through discussion with the management and identified which wer¢ most significant with respect to the financial statements. We identified Companies Act 2006 (including associated regulations). Chariti¢s Act 2011, Charilies SORP (FRS 102), Financial Repjrting Standard 102, T&xation tAW5 and Regulations. Th¢ Landlord atid Tenant A¢t and Health & Safety Regulations as being most significant to these financial stat¢ments. We communicated these identified fr8meworks omongst our audit team atKI remained alert lo any indications of non-compliance throughout the audit. We ensured that the engagement tsam had sufficient competence and Capability to identify or recognis¢ non•compliance with laws and tEgul&tions. We discussed wilh the directors and senior management the policies and procedures regarding compliance with these legal and tEgulatory frameworks. We assessed the suseeptibility of the company's financial ststements to material misststement due to non-¢omplian¢e of legal and regul&tory fram¢work& including how fraud might (Kcur, by enquiry the directors and senior management during the pla[￿l￿g and finalisation phases of our audil and using proprietory disclosure ch¢cklisls. This w&8 deterniined to be low. Based on this understanding we des]￿ed our audit procedures to identify non-compliatKe wth the identified legal and regulatory ￿MeWOrk, which were part of our procedures on the relaied financial statement items. Our procedures included Teviewing the company's internal ¢ontrols policies and pr(LYdures, reviewing the minutes of board meetings and correspondence with re8thatory bodies including HMRC. testing transactions outside the nornial course of the business and journal entries, and discussions with the directot3 and senior management. IthIB ESTATES COMPANY L[￿IrrED BY GUARANTEE Indep¢ndent Auditor's Report to the Members of KMB Eslates (t•JtrtM#el) Year ended 31 Mar¢h 2025 Owing ￿ the inherent limitation5 Qf an audi¢ there is an unavoidable risk that we tnay not hay¢ dete¢led some material misslatements in the financial statements. even though w¢ have properly planned and Ferfornied our audit in accordan¢¢ with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the evenis and transactions reflected in the financial statements, the less likely the inherently limit￿ procedures required by auditing standards would idenlify it. In additi(%). as with any audit. tliere remained a higher risk of non4letection of iTregulariti¢s, as these may involve collusion. forgery. intentional omissions, misrepresentations. or the override of internal ¢ontrols. We are not responsible for preventing non•compliance and Cannot be expected to detect non4ompliance with all laws and regulations. A further description of our responsibilities for the audit of the financial statements 15 located on the Financia] Reporting Council's website at wiww.frc.org.uklauditorsresw)nsibilities. Thi5 descriplion forms part of our auditor's report. Us¢ ofour report This report is made solely to the ¢harity'5 rnembers, a5 a body. in accordance with Chlpter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charity's members those matters we are ￿quIred to st￿e to thetn in an auditor's report and for no other purpose. To the fullest extent perniitted by law. we do not accept or assume resy)nsibility to anyone other than the charity and the charity's members as a body, fc>r our audit worL for this report, or for the opinions we have formed. Asher St¢rnlicht (Senior Statutory Auditor) For and on behalf of Cohen Amold Chartered accountants & statutory auditor New Burlingion House 1075 Fin¢hley Road LONDON NWI I OPU 28 January 2026 I